MECE-003 Solved Assignment English Medium 2021-22

Free MECE3 Solved Assignment English Medium 21-22 for July 2021 and January 2022 Session

M.E.C.E-003

ACTUARIAL ECONOMICS : THEORY AND PRACTICE

Note: Answer all the questions. While questions in Section A carry 20 marks each (to be answered in about 500 words each) those in Section B carry 12 marks each (to be answered in about 300 words each). In the case of numerical questions word limits do not apply.

Section A

1) State and explain the significance of ‘convergence and limit laws’.

2) Discuss the various aspects of insurance sector that are regulated.

Section B

3) Explain the elements of ‘interest calculation’ with examples.

4) What is a ‘life annuity contract’? How is its ‘actuarial present value’ determined?

5) Write a note on ‘international actuarial notations’.

6) State the key components of ‘extreme value theory (EVT)’ with a particular reference to the ‘generalised extreme value (GEV) distribution’.

7) What are ‘non-catastrophic losses’? How is the ‘total loss amount’ in respect of such a loss determined?

Submission

For July 2021 session, you need to submit the assignments by March 31, 2022, and for January 2022 session by September 30, 2022 for being eligible to appear in the term- end examination. Assignments should be submitted to the Coordinator of your Study Centre. Obtain a receipt from the Study Centre towards submission.

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